Best SIP Plans: Top SIP Plans to Invest in India

As there is a wide range of mutual fund schemes available in the market. Let’s take a look at the top-performing mutual fund schemes, which are apt for SIP investment in the year 2022.

Best SIP Plans for the Year 2022

Disclaimer: Policybazaar does not endorse, rate, or recommend any particular insurer or insurance product offered by an insurer. The tax benefit is subject to changes in tax laws. *Standard T&C Apply

The process of SIP mutual funds allows the investors to manage their finance and create a financial cushion so that they can achieve the financial objectives of life. The contribution towards SIP helps the investors to manage their investment regularly in a simple and hassle-free way. Even though returns on SIP mutual funds entirely depend on the market performance the above is the list of top-performing best SIP plans for the year 2022, wherein you can consider investing.

1. Axis Bluechip Fund

   This is an equity-oriented fund. The main objective of this fund is to achieve long-term capital appreciation by making investments majorly in equity and equity-related securities of large-cap companies including derivatives. This fund is best suitable for the investor who has a high-risk appetite and who wants to gain a high return on investment over a long-term period. Let’s take a look at the fund details.

   Fund Name	Monthly Investment	Investment Tenure	Expected Annual Return
   Axis Bluechip Fund	Rs.5000	5 years	14.05%

2. Axis Focused 25 Fund

   This is an open-ended equity fund, which aims to generate long-term capital appreciation by making investments in equity and equity-related securities. As an equity-oriented fund, Axis Focused 25 Fund is a high-risk fund option, which offers higher returns on investment. Let’s take a look at the fund details.

   Fund Name	Monthly Investment	Investment Tenure	Expected Annual Return
   Axis Focused 25 Fund	Rs.5000	5 years	18.27%

3. DSP Equity Fund

   This is an open-ended equity fund, whose main objective is to generate long-term capital appreciation by making investments in equity and equity-related instruments. Along with the investment in equity securities, the fund also invests in debt and money market instruments to maintain the liquidity of the fund from time to time. As one of the best SIP plans, this fund is the best fit for investors who have a high-risk appetite and who want to gain high returns on investment over 3-5 years. Let's take a look at the fund details.

   Fund Name	Monthly Investment	Investment Tenure	Expected Annual Return
   DSP Equity Fund	Rs.5000	5 years	14.36%

   
   *All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

4. HDFC Balance Advantage Fund

   As one of the best SIP plans, HDFC Balanced Advantage Fund is an open-ended fund, whose main objective is to provide long-term capital growth by making investments predominantly in equity and debt instrument. This fund is a great option of investment for investors who have a moderate to high-risk investment appetite and who want to gain a profitable return on investment. Let’s take a look at the plan detail.

   Fund Name	Monthly Investment	Investment Tenure	Expected Annual Return
   HDFC Balanced Advantage Fund	Rs.5000	5 years	16.84%

5. ICICI Prudential Bluechip Fund

   As an open-ended equity scheme, this fund majorly invests in large-cap stocks. The main objective of the scheme is to provide long-term capital appreciation by making investments predominantly in equity and equity-related instrument of large-cap companies. Let’s take a look at the fund details.

   Fund Name	Monthly Investment	Investment Tenure	Expected Annual Return
   ICICI Prudential Bluechip Fund	Rs.5000	5 years	15.17%

6. TATA India Consumer Fund

   This is an open-ended fund, which aims to provide long-term capital growth by investing 80% of the asset in equity and equity-oriented securities. This fund is the best fit for investors who have a high-risk appetite. Let’s take a look at the plan details.

   Fund Name	Monthly Investment	Investment Tenure	Expected Annual Return
   TATA India Consumer Fund	Rs.5000	5 years	19.20%

   *All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

   *Policybazaar does not endorse, rate, or recommend any particular insurer or insurance product by an insurer or any other financial product.

Why Invest in a SIP?

One of the most common reasons why people are attracted to investing in SIP is the inculcation of regular habits of savings, in small and regular intervals.

Here are some of the top reasons why one should consider SIP when it comes to investment.

1. Investment of Small Amounts

   As stated above, small and regular deposits can be made in SIPs. An investment amount as low as Rs. 500 or even Rs. 100 in some cases can be made while purchasing a SIP. The amount of investment under SIP has no barrier making it easy and approachable to the masses.

2. Rupee Cost Averaging

   As we know that the equity market is volatile so, when it comes to investment in SIP, it helps the investor to purchase more when the prices are low and less when the market is booming. SIPs are beneficial for investors who invest in more shares at less price rather than investors who invest a large sum in just one share.

3. Option to Run Multiple SIPs

   There is a scope of investing in more shares rather than putting all your bets on 1 or 2 shares in SIP. Choice of shares and investments, if made wisely, can be very beneficial for investors investing in SIPs.

4. Flexibility

   With an option to start and stop a SIP whenever the investor wishes to, SIP offers great flexibility even if the invested amount is low.

5. Maximum Returns with Minimum Investment

   To attain maximum benefits while investing in SIPs, all you have to do is follow these simple steps:

   • Determine your future needs

   • Make a list and the amount of savings needed to achieve your goals

   • Have a piece of in-depth knowledge about the SIP you are planning to invest in

   • Complete all your documentations and KYC for non-interrupted investments and hassle-free results

   • Choose the SIP that suits your future goals the best

   • Invest small amounts in multiple shares rather than focusing on just 1 for best results

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